Bitcoin’s Wild Ride: Will It Soar or Sink? Find Out Now! 🚀💔

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In the grand theater of the financial world, where fortunes are made and lost with the flick of a digital switch, Bitcoin, that capricious creature of the cryptocurrency realm, has found itself in a most precarious position. After a valiant struggle to cling to the sacred support level of $95.5K, it has now slipped, like a wayward child, to a disheartening $88,551. The market, it seems, is as fickle as a summer breeze, with a 24-hour volatility of 7.7% and a market cap that stands at a staggering $1.75 trillion. The volume of trades in the last day alone reached a dizzying $71.28 billion, a testament to the fervor of the traders who dance upon this digital stage.

Alas, the price has plummeted more than 7 percent in the past two days, reaching a low of $87.7K on certain centralized exchanges. Having breached the hallowed ground of $91K, Bitcoin now finds itself testing the waters of a weak liquidity level at $89.3K, a level that seems destined to give way like a poorly constructed bridge.

From the lofty heights of technical analysis, one can observe that should Bitcoin continue to close below $91K in the coming weeks, a reversal pattern will emerge, marked by double tops around $108K and a bearish divergence of the Relative Strength Index (RSI). In such a dismal scenario, a descent towards the next major support level of around $77K appears inevitable, much like the arrival of winter after a fleeting autumn.

Bitcoin Price Drop Causes Heavy Crypto Liquidations

In the wake of this heightened volatility, the specter of further crypto selloffs has emboldened the short sellers, who, like wolves circling their prey, have taken advantage of the situation. More than $1.3 billion has been liquidated from the entire crypto market, with long traders on BTC and Ether markets bearing the brunt of this financial tempest.

As I pen these words, over 362,000 traders have faced liquidation in the past 24 hours, with the largest single liquidation order occurring on Binance, involving a staggering $20 million of BTC/USDT. One can only imagine the lamentations echoing through the digital halls of despair.

Whale Investors Flee the Market

With over 87 percent of Bitcoin holders basking in the glow of profit, as reported by IntoTheBlock, the whales—those great leviathans of the crypto sea—have begun to flee, taking their profits and leaving the smaller fish to fend for themselves. In the past week, the overall supply of BTC on centralized exchanges has increased by about 17,185 coins, totaling a hefty 2.22 million.

The demand for US spot BTC ETFs has waned significantly over the past three weeks, with a net cash outflow of approximately $516 million on Monday, led by the likes of BlackRock’s IBIT and Fidelity’s FBTC. It appears that even the most stalwart investors are feeling the chill of uncertainty.

Yet, amidst this turmoil, some brave souls persist. Strategy (NASDAQ: MSTR) continues its BTC accumulation strategy, alongside El Salvador and Metaplanet Inc. Just today, Metaplanet announced the acquisition of 135 BTC for a princely sum of $13 million, now holding a total of 2,235 Bitcoins. One can only wonder if they are the wise sages or the jesters in this grand play.

Metaplanet has acquired 135 BTC for ~$13 million at ~$96,185 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 2/25/2025, we hold 2235 $BTC acquired for ~$182.9 million at ~81,834 per bitcoin.

— Simon Gerovich (@gerovich) February 25, 2025

Is the 2025 Bull Cycle Over?

The crypto bull cycle of 2024/2025 has been beset by complications, as institutional investors, nation-states, and intricate regulatory frameworks have entered the fray. The market has been buffeted by geopolitical tensions, particularly those stirred by the US tariff wars, which President Donald Trump has declared will proceed with all due vigor.

This short-term macroeconomic uncertainty threatens to disrupt the global supply chain, casting a shadow over Bitcoin demand. As a result, many institutional investors and central banks have sought refuge in the Gold market, which has recently

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2025-02-25 13:14